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CONSOLIDATED STATEMENTS OF CONDITION (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Jun. 30, 2020
ASSETS      
Cash and due from banks $ 23,371 $ 23,739 $ 25,919
Interest bearing deposits with banks 569,495 375,613 206,312
Total Cash and Cash Equivalents 592,866 399,352 232,231
Equity securities with readily determinable fair values 2,547 2,170 1,962
Debt securities available for sale 385,834 337,718 257,603
Securities held to maturity, fair value $8,452; $15,463; $10,768 8,139 10,294 14,929
Loans held for sale 2,667 11,034 5,848
Loans, net of allowance for loan losses $20,207; $18,353; $20,226 1,537,569 1,617,558 1,715,210
Premises and equipment, net 31,960 33,013 34,042
Right of use assets 3,561 3,145 3,474
Restricted investment in bank stocks 2,889 2,942 3,582
Investment in bank-owned life insurance 64,111 63,401 62,685
Investments in low-income housing partnerships 1,317 1,380 1,443
Goodwill 42,108 42,108 42,108
Intangible assets, net 6,672 7,265 7,891
Foreclosed assets held for resale 0 0 789
Other assets 26,280 23,982 28,506
Total Assets 2,708,520 2,555,362 2,412,303
Deposits:      
Non-interest bearing 620,237 556,666 563,919
Interest bearing 1,717,798 1,628,859 1,468,882
Total Deposits 2,338,035 2,185,525 2,032,801
Short-term borrowings 29,758 38,464 33,963
Long-term borrowings 54,700 53,745 68,448
Lease liabilities 3,561 3,138 3,453
Other liabilities 16,100 16,518 21,448
Total Liabilities 2,442,154 2,297,390 2,160,113
STOCKHOLDERS’ EQUITY      
Preferred stock, $2.50 par value; 20,000,000 shares authorized; no shares outstanding 0 0 0
Common stock, $2.50 par value; 20,000,000 shares authorized; 8,783,948, 8,758,439 and 8,771,993 shares issued; 8,721,348, 8,695,839 and 8,709,393 shares outstanding 21,948 21,918 21,884
Treasury stock, at cost (62,600 shares) (728) (728) (728)
Additional paid-in capital 94,378 94,048 93,752
Retained earnings 159,821 148,372 138,902
Accumulated other comprehensive loss (9,053) (5,638) (1,620)
Total Stockholders’ Equity 266,366 257,972 252,190
Total Liabilities and Stockholders’ Equity $ 2,708,520 $ 2,555,362 $ 2,412,303